KATHMANDU: Tata Motors has recorded a staggering sales growth of 154% in August 2020.
This is the highest sales growth ever registered by any car manufacturing companies for the month.
Tata Motors had merged its PV business with EV verticals in March 2020.
With Kia Sonet bookings showing heart, its launch will see Tata Nexon compete with yet another segment entrant.
In fact, the entry level compact-SUV segment is going to see a number of entrants soon.
With this segment already being a highly competitive one, Maruti Suzuki and Hyundai have for long enjoyed segment dominance.
Tata Motors PV sales for August 2020 is reported at 18,580 units, exceeding July 2020 sales of 15,012 units.
The last time Tata posted higher sales than that in Aug 2020, was almost 2.5 years ago, in March 2018 – when sales were at 20,006 units.
Sales in August 2019 was reported at 7,316 units. YoY sales growth stands at 154 percent, and MoM sales growth is pegged at 24 percent.
Sales improvement also means, Tata motors market share has improved, and surpassed that of Mahindra, its closest competitor in terms of sales. (With inputs from Agencies)
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